Former City minister Lord Myners told the BBC's Newsnight that any Barclays staff responsible for manipulating the Libor rate should face the
prospect of going to prison.

He said the behaviour of Barclays staff was the worst he had seen.

"I think fines and public criticism will not stop these behaviours. These behaviours will not stop until the people perpetrating it or responsible
for overseeing them face the prospect of criminal charges and the prospect of going to jail."

So what he's saying is that a fine of $495 million isn't enough to modify the behavior of these crooks. Think about it this way: If you were fined
12 cents and were forced to say, "Oh dear, I've been so bad," would that be enough to make you stop doing whatever it was you were doing? How much
would you even care, if you were gaining $100 for every 12 cents you were fined?

Funny how criminal charges against the super-rich always end in fines instead of jail time. And it's not as if "the people" gain anything from it.
It's just thrown into the black hole that is debt-service on the national debt--or pissed away on illegal wars, or given back to the same people with
the other hand....

I think they should go to a real prison and be someone's b*tch. All white-collar prisons should be burned to the ground, or get converted into
hotels. I'm sick of the red carpet being given to these criminals!

What I get from this fact is the derivatives market is starting to blow up - and they are trying to cover it over. It is being shown that Barclay's
was working with other banks to manipulate the Libor rate.

ITS A Good call with Keiser he often surprises with ultra-radical statements (the truth..?!) about the economy - i'll be watching the link just now.

Its always surprising , economics , but when you add the politics it gets volatile . Faster than millisecond predictive robot traders doing deals with
themselves , to break/bend the rules and rip everyone in sight
The re-invention of the money syphon , the mafia , and oh , thats why we need a bailout and easing again , its shadow banking as keiser puts it .
Where they put that loot , all that potential reinvestment though/? Surely only assets and lifestyle are premium . However both require a stable
environment. Why we get government offiials ringing up the libor fixers too?

I always try and think around problems , maybe why i get it wrong sometimes . Now it reminds me again , are we so silly as to keep assuming that we
ourselves invented all this tech , knowhow and robot money syphons?

Did we think , there were not nets and flying carriages way before us ? Only justice then , will serve you well in life . Its not moral high_ ground ,
but moral high _truth .

They know its corrupt all the way through at the big financials but they wont do anything about it. Theres too much money at stake and the politicians
are either :

a) clued in, but captured by city interests
b) clueless

If we tore through the city and cleaned it, driving the corruption elsewhere we'd take a 10-20% fall in GDP. In large part the corruption IS the
economy.

People are becoming more and more aware that there is one rule of law for the rich and another for the middle and the poor. If you wonder at cause of
the accelerating unravelling of the UKs moral fibre look no further.

“The prime minister says he’s really not sure we need an inquiry. How out of touch can you get?

“I have news for David Cameron: the people of this country want a moment of reckoning for our banks.

“The British people will not tolerate the establishment closing ranks saying we don’t need an inquiry. They want a light shone into every dark
corner of our banking system. They want bankers held to account. They want the system rebuilt.

“Nothing less than a full public inquiry can do that. Sticking plaster solutions will not heal this wound. And nobody has confidence that the
current plans of this government or the industry will be sufficient.”

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